- FYI Resources Limited (ASX:FYI) has successfully completed week three of the extended pilot plant campaign.
- The latest pilot plant trial run is a part of four one-week long trial runs to be conducted during the extended program.
- FYI plans to submit the samples obtained from the extended trial HPA to New York's EAG Laboratories for high-level GDMS analysis.
FYI Resources Limited (ASX:FYI; OTCQX:FYIRF; FSE:SDL) has announced the successful completion of week three of the extended pilot plant campaign for the trial production of high purity alumina (HPA).
Triggered by the announcement, shares of FYI rose as much as 3.08% to trade at AU$0.035 per share, during an intraday trading session on Tuesday.
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The current pilot plant trial run was the third in a row and is a part of four one-week long trial runs to be conducted during the extended program.
The pilot plant’s operational efficiency meets company expectations
Similar to the results of previous trial runs, the third pilot plant trial run also performed exceptionally well and within the expected operational parameters. In addition to this, the HPA production during the trial run was also in-line with target outcomes.
Source: Company Announcement (10 January 2022)
The pilot plant trial runs, undertaken in collaboration with Alcoa of Australia, have incorporated a multitude of process refinements and design features over the course of the previous campaigns. These have helped FYI to improve the process efficiencies and overall project economics.
Relevant Article: FYI Resources (ASX:FYI) steps into second phase of HPA trials
FYI also states that the scheduled extended pilot plant operations series have been very successful in deriving engineering and design performance data and generating valuable marketing material for customer evaluation purposes.
The Company now plans to submit the samples obtained from the extended trial HPA to New York’s EAG Laboratories for Glow Discharge Mass Spectrometry (GDMS) analysis. The high level of analysis will deliver an accurate and independent confirmation of the HPA grades.
Furthermore, the development team of FYI is also considering the requirement for the fourth scheduled week of operations after the successful completion of the three previous pilot plant runs. Additionally, the company is also considering to send resources to other detailed HPA project workstreams to accelerate the development schedule.